CoinMeta data: The Democrats are favored to win in the upcoming U.S. midterms on November 3, which could have an impact on Bitcoin ( BTC ). According to data from the predictive market Polymarket, the Democrats have a 61% chance of winning both chambers of Congress. The Senate is a key factor; on September 15, the Senate blocked the passage of a digital assets market clarifying bill that would have defined regulatory authorities' oversight over different tokens. Nevertheless, Bitcoin rebounded after the interest rate hike, indicating that Congress is not currently driving prices. The Federal Reserve raised interest rates to the range of 3.75%-4% on September 16, and further rate hikes are expected this year. For investors, monetary policy seems to be the main driving factor for Bitcoin prices at present.